Asked by
khurram shafique
on Nov 10, 2024Verified
When a contract anticipates some catastrophic event, such as a riot, invasion, earthquake, or flood that will interfere with the performance of the contract, this is referred to as a
A) force majeure clause.
B) condition precedent.
C) "subject to" clause.
D) condition subsequent.
E) frustration clause.
Force Majeure Clause
A contract term anticipating some catastrophic event usually exempting liability when such an event interferes with performance of the contract.
Catastrophic Event
An unexpected, large-scale disaster that causes significant -physical, economical or environmental damage or loss of life.
- Identify the distinctions among circumstances that result in the cessation of agreements, including frustration and completion.
Verified Answer
CC
Learning Objectives
- Identify the distinctions among circumstances that result in the cessation of agreements, including frustration and completion.